Kauai REO, Kauai Foreclosures, Hawaii November 22, 2010 Update

This is an update to the November  1, 2010 Kauai REO, Kauai Foreclosures, Kauai, Hawaii Foreclosures list. Scroll down to the November 1, 2010 list to see the complete list of  Kauai REO properties.

New Listings:

1. Hale Lani DD-102, Puhi (Lihue). This is a 2 bedroom 2 bath condo in good condition for $149,900. MLS#240655 Owned by OneWest Bank .

Back on the Market:
1. 3615 Makoa St, Hanapepe Heights. A 2 bedroom 1 bath home on a corner lot. $254,900. MLS#238020. Owned by IndyMac/One West Bank.

Undercontract/in escrow:
1. 5327 Kula Mau’u, Kapaa. A 3 bedroom 2 bath home with 2 car garage in Waialeale Estates subdivion. Good condition but no appliances. MLS3239754. $304,000. Owned by Chase
2. 6186 Helena Lane, Kapaa. A 5 bedroom 3 bath home on an acre in Kapaa with ocean views. $539,000. MLS# 240029. Owned by OneWest Bank
3. 4551 Wailapa Apt4., Kilauea, 3 bedroom 3 bath home on 3 acres. $709,800. MLS#239913.
4. Islander on the Beach #222, Kapaa. Studio condo unit. MLS#237625. $76,900. Owned By Bank of Amercia.

Price Changes on Kauai REOs:
1. 3580 Ala Loke Pl, Lawai. 4 bedroom 2 bath home 2 story in Lawai . $466,000, MLS#238598.
2. 4332 Hardy Street #1, Lihue. A 3 bedroom 1.5 bath CPR fixer in Lihue. MLS#239778. $259,900.
3. Lihue Townhouse #116. A 3 bedroom, 2 bath condo in Lihue. $139,900. MLS#239487. Owned by Fannie Mae.

Sold Kauai REO’s:
1. 7162 Alealea Rd, Haena. 2 buildings on the road across from the beach. Some illegal enclosures downstairs that need to be rectified. $849,900 MLS#238294. Sold for $775,000 Cash on 11/16/2010.
2. Kaena Street, Kakela Makai, Kalaheo. 12,990 sqft ocean view lot. $298,999. MLS #238521 Sold for $275,000 cash.

Inventory is getting snatch up. On Kauai there is still some phantom (prelisted) inventory that the lenders are holding back until they are sure the foreclosure process was done correctly. However it appears that the depreciation of real property prices has come to a stop or at least slowed down. In my opinion we pretty much have hit bottom in many areas of the market. There still will be a consistent supply of REOs but it may slow down by the end of next year. However if you are thinking of buying it would be best to do it before the end of 2011. Disclaimer-However check with your attorney or accountant to see what’s best for you.

All available properties with MLS numbers can be plugged into my website atwww.kauaidreams.com for more info and pictures. Or feel free to call 808 652-6174 or email me at julie@hisemail.net with any questions you might have or an appointment to see these properties. Aloha Julie

Search all Kauai Homes at  www.kauaidreams.com Search the Kauai MLS athttp://www.kauaidreams.com Search Kauai Property athttp://www.kauaidreams.comSearch Kauai real estate at http://www.kauaidreams.com.

This is an update to the November  1, 2010 Kauai REO, Kauai Foreclosures, Kauai, Hawaii Foreclosures list. Scroll down to the November 1, 2010 list to see the co